Day trading for fun is a 'losing proposition,' famed economist warns - Business Insider

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Day trading for fun is a 'losing proposition,' Princeton economist and author Burton Malkiel warns

"To go and day trade and think that you are investing, that's what I think is absolutely wrong and is likely to be simply disastrous for people," the Princeton economist and author of a "A Random Walk Down Wall Street" said.

Malkiel also said that index funds aren't leading to smaller companies being neglected, and central-bank stimulus has boosted stock prices.

 

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